Bridges Investment Management raised its stake in Wells Fargo (NYSE:WFC) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 183,785 shares of the financial services provider’s stock after buying an additional 6,044 shares during the period. Wells Fargo comprises approximately 1.8% of Bridges Investment Management’s holdings, making the stock its 13th largest position. Bridges Investment Management’s holdings in Wells Fargo were worth $9,991,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Van Cleef Asset Management increased its stake in Wells Fargo by 0.9% in the fourth quarter. Van Cleef Asset Management now owns 14,387 shares of the financial services provider’s stock valued at $782,000 after buying an additional 125 shares during the period. Capital Investment Advisors increased its stake in Wells Fargo by 3.9% in the fourth quarter. Capital Investment Advisors now owns 66,571 shares of the financial services provider’s stock valued at $3,619,000 after buying an additional 2,525 shares during the period. Lawson Kroeker Investment Management increased its stake in Wells Fargo by 2.3% in the fourth quarter. Lawson Kroeker Investment Management now owns 20,427 shares of the financial services provider’s stock valued at $1,110,000 after buying an additional 452 shares during the period. Lawrence B. Cohen increased its stake in Wells Fargo by 4.7% in the fourth quarter. Lawrence B. Cohen now owns 10,889 shares of the financial services provider’s stock valued at $592,000 after buying an additional 490 shares during the period. Finally, Fulton Bank increased its stake in Wells Fargo by 0.9% in the fourth quarter. Fulton Bank now owns 43,732 shares of the financial services provider’s stock valued at $2,377,000 after buying an additional 382 shares during the period.

Shares of Wells Fargo (NYSE:WFC) opened at 50.23 on Friday. The firm has a market cap of $255.78 billion and a PE ratio of 12.10. Wells Fargo has a 52 week low of $46.88 and a 52 week high of $58.77. The firm has a 50-day moving average price of $51.79 and a 200-day moving average price of $53.88.

Wells Fargo (NYSE:WFC) last posted its quarterly earnings data on Friday, January 15th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.01. The firm earned $21.59 billion during the quarter. During the same period in the prior year, the firm earned $1.02 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. On average, equities research analysts predict that Wells Fargo will post $4.30 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 1st. Stockholders of record on Friday, February 5th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Wednesday, February 3rd.

Several analysts recently issued reports on WFC shares. Keefe, Bruyette & Woods reduced their price target on Wells Fargo from $61.00 to $60.00 in a research note on Thursday, October 15th. Sanford C. Bernstein reduced their price target on Wells Fargo from $60.00 to $57.00 in a research note on Tuesday, January 19th. Barclays restated a “buy” rating on shares of Wells Fargo in a research note on Friday, October 16th. Guggenheim restated a “buy” rating and issued a $60.00 price target on shares of Wells Fargo in a research note on Thursday, October 15th. Finally, Nomura reduced their price target on Wells Fargo from $66.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, October 2nd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $57.84.

In other news, EVP Michael J. Loughlin sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 9th. The stock was sold at an average price of $54.48, for a total value of $1,089,600.00. Following the completion of the transaction, the executive vice president now directly owns 1,260 shares in the company, valued at approximately $68,644.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Wells Fargo & Company is a financial services and bank holding company. The Company’s segments are Community Banking, Wholesale Banking, and Wealth and Brokerage and Retirement. The Company’s Community Banking segment offers a range of financial products and services for consumers and small businesses, including checking and savings accounts, credit and debit cards, and auto, student and small business lending. The Community Banking segment’s products include investment, insurance and trust services, and mortgage and home equity loans. The Community Banking segment’s products and business segments include middle market commercial banking, government and institutional banking, corporate banking and commercial real estate, among others. The Company’s Wholesale Banking segment provides a range of financial solutions to businesses across the United States and around the world. The Wealth and Brokerage and Retirement segment provides a range of financial advisory services.

12 Month Chart for NYSE:WFC

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